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Griffith
AREA REPORTS

Griffith

Griffith - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2680

house
unit

Property investors have seen a 3.96% gain in GRIFFITH based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on GRIFFITH, 2680 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 10.53%.

Based on its average 5-year and quarterly capital gains GRIFFITH, 2680 saw average growth in the long term.

The NSW suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $420,000

Profits averaged 9.09% per annum over a 3-year period, due to an upward trend in home prices in GRIFFITH, 2680.

This means, real estate investors could earn a rental income of $380 based on current median home prices for the suburb.

The gross rental yield in GRIFFITH, 2680 is 4.7%.

An average of 23 real estate transactions take place per month in GRIFFITH which translates to 276 per annum.

Data report can be found below

Griffith
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $420,000 $350,000
GROWTH REPORT
Median Quarterly 3.96% 6.54%
Median 12 month 10.53% 30.23%
Median 3 years 27.27% 36.72%
Median 5 years 37.03% 70.73%
10 years average annual 5.08% 5.92%
Weekly media advert. rent $380 $339.5
Time on Market 63.1 days 0.0 days
Gross Rental Yield Percent 4.7% 5.04%
demographics (median values)*
Total Population
23940
Weekly Household Income
1334
Household Size
2.70
Age
37
Monthly Loan Repayment
1500
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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